India's Nazara Technologies climbs on $275 mln open offer

Nazara Technologies

20/01/2025 09:48

** Shares of gaming and sports media platform Nazara
Technologies  NAZA.NS  up 1.7% at 1,039 rupees
    ** Co approves open offer by Axana Estates, Plutus Wealth
Mangement and Junomoneta Finsol to acquire 26% of NAZA by way of
preferential allotment; deal worth 23.82 bln rupees ($275.2 mln)
    ** Stock rose as much as 5.4% earlier in the session, and is
set for most active session since mid-Sept.
    ** Analysts' avg rating on stock is "hold", median PT is 905
rupees - LSEG data
    ** Stock gained ~18% in 2024

($1 = 86.5575 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))